Week Ahead – NFP and ECB to Steal the Show

US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the […]

Markets Trading to the new week took a slow start data-wise. European production data for sure are no market movers. However, for once, we mention German February production coming out on the stronger side of expectations for the second consecutive month (+2.1% M/M; -4.9% Y/Y vs -6.8% expected). The report won’t change the ECB’s assessment […]

The Canadian dollar collapsed by more than 1.4% against the US dollar after Trump threatened to impose new 25% tariffs on goods from Mexico and Canada and to increase tariffs on China by 10% immediately after taking office. Following the announcement, USDCAD jumped to 1.4170, a high since 23 April 2020. The context is interesting […]